) 570 

15 . 

C6 f 



»v. M E R I C A 

,, *.v -;- in the * <- ^- 

WORLD WAR 



Compliments of 

THE CONTINENTAL 

INSURANCE COMPANY 



V\ 




Cash Capital - TEN MILLION DOLLARS 



HENRY EVANS, President 



Home Office Pacific Coast Dept. Western Dept. 

80 Maiden Lane Insurance Exchange Bids. 332 So, La Salle St. 
New York San Francisco Chicago 



AupIy to Agent for Additional Copies 



''AMERICA FORE' 



• • 



Thomas Jefferson 

As Secretary of State, in 1793 

Said of Navigation: 



"Its value as a branch of industry 
is enhanced by the dependence of 
so many other branches upon it. 

'*In times of general peace it mul- 
tiplies competitors for employment 
in transportation, and so keeps that 
at its proper level; and in times of 
war, that is to say, v^hen those na- 
tions w^ho may be our principal car- 
riers shall be at war with each other, 
if we have not within ourselves the 
means of transportation, our pro- 
duce must be exported in belliger- 
ent vessels, at the increased expense 
of war freight and insurance, and 
the articles which will not bear that 
must perish on our hands." 



Victory in the World War will find 
the United States touching the oppor- 
tunity to carry her fair and full share of 
the World's Trade. To grasp that op- 
portunity, the Nation must be prepared 
in all things — shipping, banking and in- 
surance particularly. American goods, 
in American vessels, protected by Amer- 
ican insurance for American progress — 
that is the essence of ;our doctrine of 

''AMERICA FORE'' 



Copyright 2918, by Fire Companies Building; Corporation 

AUb lb hid 



^ '^A M E R I C A 

• • m the 3f • 

WORLD WAR 



From President Wilson's Mount Vernon Independence 
Day address : 

"The Past and tlie Present are in deadly grapple and the 
peoples of the world are being done to death between them, 

"There can be but one issue. The settlement must be 
final. There can be no compromise. No halfway decision 
would be tolerable. No halfway decision is conceivable. 
These are the ends for which the associated peoples of the 
world are fighting and which must be conceded them before 
there can be peace : 

"I. — The destruction of every arbitrary power anywhere 
that can separately, secretly and of its single choice disturb 
the peace of the world ; or, if it cannot be presently de- 
stroyed, at the least its reduction to virtual impotence. 

"II. — The settlement of every question, whether of terri- 
tory, or of sovereignty, of economic arrangement, or of 
political relationship, upon the basis of the free acceptance 
of that settlement by the people immediately concerned, and 
not upon the basis of the material interest or advantage of 
any other nation or people which may desire a different 
settlement for the sake of its own exterior influence or 
mastery. 

"III. — The consent of all nations to be governed in their 
conduct toward each other by the same principles of honor 
and of respect for the common law of civilized society that 
govern the individual citizens of all modern States in their 
relations with one another, to the end that all promises and 
covenants may be sacredly observed, no private plots or 
conspiracies hatched, no selfish injuries wrought with im- 
punity, and a mutual trust established upon a handsome 
foundation of a mutual respect for right. 

"IV — The establishment of an organization of peace which 
shall make it certain that the combined power of free na- 
tions will check every invasion of right and serve to make 
peace and justice the more secure by affording a definite 
tribunal of opinion to which all must submit and by which 
every international readjustment that cannot be amicably 
agreed upon by the peoples directly concerned shall be sanc- 
tioned. 

"These great objects can be put into a single sentence. 
\Miat we seek is the reign of law, based upon the consent 
of the governed and sustained by the organized opinion of 
mankind. 

"These great ends cannot be achieved by debating and 
seeking to reconcile and accommodate what statesmen may 
wish, with their projects for balances of power and of 
national opportunity. 

"They can be realized only by the determination of what 
the thinking peoples of the world desire, with their long- 
ing hope for justice and for social freedom and opportunity." 

* * Mc 

From President Wilson's Red Cross address : 
"There are two duties with which we are face to face. The 
first duty is to win the war, and the second duty, that goes 
hand in hand with it, is to win it greatly and worthily. 

Insurance is Elssential 1 



showing the real quality of our power not only, but the 
real quality of our purpose and of ourselves. 

"I have heard gentlemen recently say that we must get 
five million men ready. Why limit it to five million? 

"I have asked the Congress of the United States to name 
no limit, because the Congress intends. I am sure, as we 
all intend that every ship that can carry men or supplies 
shall go laden upon every voyage with every man and every 
supply she c^n carry. 

"And we are not to be diverted from the grim purpose of 
winning the war by any insincere approaches upon the sub- 
ject of peace. I can say with a clear conscience that I have 
tested those intimations and have found them insincere. I 
now recognize them for what they are, an opportunity to 
have a free hand, particularly in the East, to carry out 
purposes of conquest and exploitation. 

"Every proposal with regard to accommodation in the 
West involves a reservation with regard to the East. Now, 
so far as I am concerned, I Intend to stand by Russia as 
well as France. 

"For the glory of this war. my fellow citizens, insofar 
as we are concerned, is that it is, perhaps for the first time 
in history, an unselfish war. 

"I could not be proud to fight for a selfish purpose, but 
I can be proud to fight for mankind. 

"If they wish peace, let them come forward through 
accredited representatives and lay their terms on the table. 
We have laid ours and they know what they are." 



Men 



Secretary of War Baker announces : 

American troops sent overseas numbered 1,019,115 on 
July 1, 1918. Of this number approximately 700,000 are 
fighting troops. 

1917 Transported 1918 Transportod 

May 1,718 January 46 776 

June 12,261 February 48 027 

July 12,988 March \ Rslsi 1 

August 18,323 April 117 212 

September 32,523 May 244.84.5 

October 38,259 June 276 372 

November 23,016 Marines ' 14644 

December 48,840 

AGGREGATING 1,019,115 

* * * 

General March, Chief of Staff, said that American troops 
actually on the fighting lines in Europe about July 1 num- 
bered 251,000 and that American troops now abroad exceed 
1,258,000. American fighting men have been sent to Italy 
from France. 

* * * 

Representative Caldwell, of New York, an Administration 
member of the Military Committee, made the following 
statement to the House, letting it be understood that the 
facts contained in his speech relating to accomplishments to 
date had been submitted to the War Department for ap- 
proval : 

"We have made mistakes. But America has done more 
in less time than any of our allies in preparation. She has 
raised a greater army in less time, and now heads a greater 
section on the lines, transporting her forces 3,000 miles 
across infested seas, than England was capable of doing in 
twelve months across a 30-mile channel. I submit the fol- 
lowing figures as to our fighting forces to-day (5lay, 1918) : 



Is the Stronf est 



INSURANCE COMPANY. 



504,677 


514,972 


78,560 


156,842 


411,952 


428,858 


510,962 


544,856 




8.951 


150,000 


150.000 


233,743 


233,743 


1,889,894 


2,038,222 



Officers Men Total 

Regular army 10.295 

Reserve forces 78.282 

National Guard 16,906 

National Army 33.894 

Special duty 8,951 

April draft 

May draft .... 

Totals 148,328 

* * * 

Through the registration of men who have become 21 
years old since June 5, 1917, 744,865 draftable men have 
been secured. In addition to these, the men made available 
for military service are by classes : 

Class 1 2,428,729 

Class 2 509,666 

Class 3 427.870 

Class 4 3,483,.326 

Class 5 1,839,856 

Total 8,689,447 

* * * 

That the draft ages will be extended to men below 21 
and over 31 by Congress appears now assured. It has been 
estimated that, if 18 to 45 are the ages decided on, about 
7,000,000 men will be added to the available military forces. 

* * * 

A recent issue of Forhes Magazine gives the present avail- 
able military forces of the warring nations, from which the 
following is compiled : 

THE ENTENTE POWERS CENTRAL POWERS 

Xntion Ar7nies Nation Armies 

France 2,604.000 Germany 5,541,800 

Great Britain 2,580.000 Austria 2,164,100 

British Colonials 535,000 Turkey 500.000 

United States (latest Bulgaria 150,000 

figure) 2.038.222 

Italy 1.250,000 

Total 9,007,222 Total 8,355.900 

* * * 

MAX POWER OF CENTRAL POWERS COMPARED WITH THAT 
OF THE ALLIES. 

Estimated 

Estimated available for 
Associated Population, males 18-44 military service 

Governments 1914. inclusive, of all kinds — 

1914. 70 per cent 

A. B. of B. 

Australia 5,000,000 850,000 595,000 

Canada 7,500,000 1,275,000 892,500 

France 39,000,000 6,630,000 4,640,000 

(ireat Britain 46,000,000 7,820,000 5,474.000 

India 320,000,000 54,400.000 37,800,000 

Italy 36,000,000 6,120,000 4,284,000 

Japan 54,000.000 8,180,000 1,390,000 

New Zealand 1,200,000 204,000 142,800 

Portugal 6,000.000 1,020,000 714,000 

Serbia 2,800,000 476,000 333,200 

South Africa 6,000.000 1,020,000 714,000 

United States 100,000.000 17,000,000 11,900,000 



Total 623,500,000 104,995,000 68,879,500 

Central Powers 

Austria-Hungary 51,000,000 9,360,000 6,500,000 

Bulgaria 4,750,000 800,000 560.000 

(Germany (continental) 68,000,000 12,850,000 9,000,000 

Ottoman Empire 18,500,000 3,300,000 2,300,000 



Total 142,250,000 26,310,000 18,360,000 

* * * 

Secretary Daniels announced July 23 the following figures 
for the various branches of the Naval Service, which has 
passed the half-million mark: 



American Company 



THE CONTINENTAL 



Kn listed Men O'Rcers Total 

Regular Navy Ii09,8;n 1),;527 210,158 

Naval Reserve Force 203.720 15,840 219.566 

iJarine Corps 56,545 1,918 58.463 

Coast Guard 6,377 228 6.605 

Totals 476,473 27,319 503,792 

Tlie Xational Xaval Volunteers, composed of 785 officers 
and 14.028 enlisted men, have been combined with the Naval 
Reserve Force. 

* * * 

Secretar.v of the Interior Lane advocates reservinj; of 
farm lands for returning soldiers : 

"I believe the time has come when we should give thought 
to the preparation of plans for providing opportunity for 
our soldiers returning from the war. To the great number 
of returning soldiers land will offer the great and funda- 
mental opportunity. The experience of wars points out 
the lesson that our service men. because of Army life, with 
its openness and activity, will largely seek out-of-doors 
vocations and occupations. This fact Is accepted by the 
allied European nations. That is why their programs 
and policies of relocating and readjustment emphasize the 
opportunities on the land for the returning soldier. The 
question then is 'AMiat land can be made available for farm 
homes for our soldiers?' While we do not have that match- 
less domain of 'Go, we do have millions of acres of unde- 
veloped lands that can be made available for our home- 
coming soldiers. We have arid lands in the West ; cut-over 
lands in the Xorthwest. Lake States and South ; and also 
swamp lands in the Middle West and South, which can be 
made available through the proper development. Much of 
this land can be made suitable for farm homes if properly 
handled, 

"There are certain tendencies which we ought to face 
frankly in our consideration of a policy for land to the 
home-coming soldier. First, the drift to farm tenancy. The 
experience of the world shows, without question, that the 
happiest people, the best farms, and the soundest political 
conditions are found where the farmer owns the home and 
the farm lands. The growth of tenancy in America shows 
an increase ot 32 per cent for the 20 years between 18!30 
and 1910. Second, the drift to urban life. In 1880 of the 
total population of the United States. 29.5 per cent of our 
people resided in cities and 70.5 per cent in the country. 
At the census of 1910, 46.3 per cent resided in cities and 
53.7 per cent remained in the country. This is an imme- 
diate duty. It will be too late to plan for these things 
when the war is over. This plan does not contemplate 
anything like charity to the soldier. He is not to be given 
a bounty. He is not to be made to feel that he is a depend- 
ent. On the contrary, he is to continue, in a sense, in the 
service of the Government, Instead of destroying our ene- 
mies, he is to develop our resources." 



Money 



U. S. WAR BONDS AUTHORIZED BY EACH BOND ACT, 

Amount of Bonds 
First Liberty Bond Act of April 24, 1917, as Authorized 
amended by the second Liberty Bond act of 

Sept. 24, 1917 $2,000,000,000 

Second Liberty Bond act as of Sept. 24, 1917 7,538,945,460 

Third Liberty Bond act of April 4, 1918 4,461,054,540 

Fourth Liberty Bond act of June, 1918 8,000.000,000 

Total $22,000,000,000 



Has the Largest 



INSURANCE COMPANY, 



UNITED STATES CONGRESSIONAL ArPROPRIATIONS 

For the Fiscal Years Beginning June 30. 1917, and Ending Tune 

30, 1919— (Cents Omitted). 

Total fiscal years 

Year ended Year ended June 30. 1917 to 

June 30. 1919 June 30, 1918 June 30, 1919 

Army .1;12,087,800.9.0 $8,912,179,191 $20,999,980,151 

Navy 1,607.468,416 1,876,691.866 3.484.160.282 

Fortifications .. 5.437.814.113 56.646.593 5.494.460.706 

Shipping 2.500.000,000 1,889,517,500 4.389,517,500 

()l)eration of rail- 
roads 500,000,000 500,000,000 

War Finance 

Corporation . . 500.200,000 500.200.000 

Lofins to Allies. 3.000,000.000 7,000,000.000 10,000,000,000 
Food Production 

& Conservation 27,875.353 162,500.000 190,375,353 

Aviation 640,000,000 640,000,000 

Pensions, Insur- 
ance, Interest 
and all other 

expenses 4,130,082,932 613,195,790 4,743,278,722 

Grand Totals. $29,791,241,774 $21,150,730,940 $50,941,972,714 

* * * 

$50,000.000,000 ! 

Value of two years' entire manufactured products of the 
United States; 

Twice the amount the United States Government spent 
from the first day of its foundation down to tlie end 
of 1017, durinsT all the wars and all the times of peace: 

Over twice the value of all exports of merchandise since 
the European war began ; 

Equivalent to .$2500 for every family in the United States : 

Sixteen times the total amount of gold in the Unite .1 States, 
and over five times the amount of gold in the world ; 

Ten times the aggregate amount of money in circulation in 
the United States ; 

More than twice the total deposits in all United States 
National banks : 

About three times the total value of all United States rail- 
roads ; 

Enough to pay for 130 Panama Canals ; 

If equally distributed every human being in the world 
would receive $30. 

* * * 

The United States Government is spending approximately 
$50,000,000 a day for the prosecution of the war, according 
to figures made public bj' the Treasury Department. In- 
cluding funds paid out for the redemption of Government 
securities, interest payments and retirement of national 
bank and Federal reserve notes, a total of more than 
$2,710,000,000 was spent during the first twenty-six days 
of the new fiscal year. This includes approximately $1,290,- 
Oi/O.OOO disbursed for exclusive war purposes. 



Food 



111 January, 1018, Mr. Hoover, U. S. Food Administrator, 
cabled Lord Rhondda, British Food Controller : 

"On January 1 we sent you the last of the surplus of 
Uie 1917 wheat harvest. All the wheat we can send between 
January and September must come from the savings of our 
people." 

Upon receipt of this message. Lord Rhondda said : "The 
war is over; we are beaten," 

The surplus of wheat shipped up to January 1, 1918, 
from the 1917 wheat harvest was 20.000,000 busheis. By the 



Policyholders' Surplus 



THE CONTINENTAL 



first of September, 1918, there will have been landed on the 
other side of the Atlantic not less than 170,000,000 bushels 
of wheat, or wheat products. Of this amount 150,000,000 
bushels Is directly attributable to the voluntary savings of 
the people of America. 

* * * 

The Food Administration, in a letter to President Wilson, 
summarizes the shipment of foodstuffs during the fiscal year 
ending .Tune 30, 1918, for the Allied and American armies, 
the civilian populations, the Belgian Relief and the Red 
Cross. The figures indicate the measure of effort by the 
American people to support Allied food supplies. 

The total value of food shipments amounted roundly to 
$1,400,000,000. Shipments of meats and fats (including 
meat products, dairy products, vegetable oils, etc.) to Allied 
destinations were as follows: 

Pounds 

Fiscal year 1916-17 2,166,500.000 

Fiscal year 1917-18 3,011,100,000 

Increase 844,600,000 

Increase in shipments is due to conservation and the 

extra weight of animals added by our farmers. 

In cereals and cereal products reduced to terms of cereal 

bushels, our shipments to Allied destinations have been : 

Fiscal year 1916-17 259"900,000 

Fiscal year 1917-18 340,800,000 

Increase 80,900,000 . 

It is interesting to note that since the urgent request of 
the Allied Food Controllers early in the year for a further 
shipment of 75,000,000 bushels from our 1917 wheat than 
originally planned, we shall have shipped to Europe or have 
en route, nearly 85,000,000 bushels. At the time of this re- 
quest our surplus was already more than exhausted. This 
accomplishment of our people In this matter stands out 
even more clearly if we bear in mind that we had available 
in the fiscal year 1916-17 from net carry-over and as surplus 
over our normal consumption about 200,000.000 bushels of 
wheat which we were able to export that year without 
trenching on our home loaf. 

* * * 

EXPORTS FROM THE UNITED STATES 

Year ending 

Fiscal year ending June 30 Dec. 31 

FOOD 1914 1915 1916 1917 

Wheat bu. 92.393.775 259,642.543 173.274,015 106,202.318 

$ 87.953.456 333.552.226 215.532,681 245,633.541 

Wheat flour bbls. 11,821,461 16,182.765 15,520,669 13,919.604 

$ 54.454.175 94.869.343 87.347.805 138.430.408 

Canned Salmon lbs. 87.750.920 83.446.136 152.951.962 95.691.164 

$ 7,999.293 9.072,083 15.032.497 12.653.776 

Canned Beef $ 461,901 11,973,530 9.353,450 18.315.144 

Fresh Beef $ 788.793 21,731,633 28,886.115 31,426.362 

Bacon lbs. 193.964.252 346.718.227 579.808,786 578.228.053 

$ 25.879.050 47.326.129 78.615.616 122.700.356 

Hams lbs. 165.881.791 203.701.114 282.208.611 243.386.814 

$ 23,767,447 29,049.931 40,803.022 54.044.798 

Condensed Milk $ 1.341.140 3.066.642 12,404,384 51.322,399 

Tobacco Leaf $ 53.903,836 44,479,890 52,813,252 45,541,112 



Supplies 



Secretary Baker wrote to the President that the supplies 
and equipment in France for the million men who have 
gone is shown by latest reports to be adequate, and added 
that "the output of our war industries in this country is 
showing marked improvement in practically all lines of 
necessary equipment and .supply." 

6 Has Paid in Losses More 



INSURANCE COMPANY. 



Summary of the development of the military establish- 
ment in the fifteen months since Congress declared war 
against the Imperial German Government, by Secretary 
Baker : 

"1. — Since April 6th, 1917 the Army has Increased, in 14 
months from 9,524 officers and 202,510 enlisted men to ap- 
proximately 500,400 officers and 2,010,000 enlisted men. 

"2. — Supplies for soldiers : 

HARDWARE AND METALS 

Articles and Unit Quantity 

Hammers, each 2,567,000 

Axes, each 5.121,729 

Files, each 10,870,000 

VEHICLES AND HARNESS 

Halters, each 1,700,000 

Escort wagons 120,000 

Combat wagons 26,000 

ANIMALS. 

Horses and mules 339,593 

CLOTHING AND MATERIAL FOR CLOTHING 

Shoes, pairs 27,249,000 

Boots (rubber, hip), pairs 2,340,000 

Overshoes (arctic), pairs 4,010,000 

Cotton undershirts, each 43,922,000 

Denim cloth, yards 103,028,000 

Stockings (wool) , pairs 104,333,000 

"3. — Health of men in cantonments: 

"The deaths per thousand from all causes in the regular 
army of the United States have been as follows : 

1898 1900 1901 1916 

20.14 7.78 6.90 5.13 

"The death rate per 1,000 among all troops, regular, 
national army and national guard — in the United States 
for the week ending June 7, 1918 was 4.14. 

"Hospital accommodations: The bed capacity on June 5 
in all department hospitals in the United States was 72,667. 
New construction now under way will provide for a total 
of 87,344 beds. The number of base and general hospitals 
in this country has increased from 7 to 72, and will be 
further increased. Vast hospital facilities have been or- 
ganized and are being organized in France. The number 
of officers in the Medical Corps has increased from 900 to 
24,000 ; the number of enlisted men from 8,000 to 148,000. 

"4. — Transportation in France: 

"With the completion of the organization of five new 
regiments and 19 battalions of railway engineers, there will 
be over 45,000 Americans engaged in railroad construction 
and operation in France. Nine regiments of railway engi- 
neers have been in France since last August. There have 
been produced for the railroad operations of the War De- 
patrment in France more than 22,000 standard-gauge and 
60 cm. freight cars, and more than 1600 standard-gauge 
and 00 cm. locomotives. A double line of railroad communi- 
cation has been secured from the French by army engineers, 
extending from the coast of France to the battlefront, in- 
cluding the construction of hundreds of miles of trackage 
for yards and the necessary sidings, switches, etc. 

"f>- — Aircraft production ("training planes, bombing planes, 
combat planes, and guns therefor; and production of Lib- 
erty engines) : 

"Deliveries of elementary training planes to June 8 — 1,495. 

"Deliveries of advanced training planes to June 8 — 820. 

"To June 8, 286 combat planes were delivered. 

"6,880 elementary training engines were delivered to June 
8: 2.133 advanced training engines were delivered to same 



Than 105 Million Dollars 



THE CONTINENTAL 



date. More than 2,000 Liberty engines have now been 
(lelivered to the army and navy. 

"37,250 machine guns were delivered for use on airplanes 
before June 8. 

"(5. — Rifies and ammunition : 

"More than 1,800,000 rifles were produced in America and 
delivered between the declaration of war and June 1 of this 
year. 

"Deliveries of new United States model 1917, the so-called 
modified Enfield, have passed the million mark. Sufficient 
rifles are being received now to equip an army division 
every three days. 

"7. — Ordnance supplies, artillery. Browning guns, etc. : 

"As to machine guns, heavy Browning guns for instruction 
purposes are in every national guard camp and national 
army cantonment in this country where troops are training. 
During May more than 900 of these heavy machine guns 
were delivered. More than 1,800 light Browning machine 
guns were delivered in May. 

"Sixteen plants had to be provided for the manufacture 
of mobile artillery cannon. Artillery program is now ap- 
proaching a point where quantity production is beginning. 

"The first of four Government-owned shell-fitting plants 
has been completed and is beginning to produce. In addi- 
tion a number of private plants are at work loading shells. 

"Ordnance engineers, it seems, are well on the way to a 
solution of the problem of motorization of field artillery. 

"Approximately $90,000,000 is being spent to provide for 
the manufacture of nitrates. 

"8. — Port facilities in France: 

"Among the most dramatic stories of the war is that of 
the development by American engineers and American enter- 
prises of port facilities on the French coast. It is not 
permissible to say where this development has taken place, 
but the scope of it may be judged by the fact that it would 
be possible to handle during the month of July a maximum 
of 750.000 tons at the ports of the American Army in France, 

"It was necessary before troops of the American Expe- 
ditionary Force could be landed, to send an organization 
of foresters into the woods of France, to send knocked- 
down sawmills after them, to cut down trees, to shape 
them into timbers, and to build them into docks in order 
that our troops might leave their ships. Fast as this work 
was, and large as the flow of troops has been accelerated, 
the facilities for dockage have kept pace with the shipments 
of troops and supplies. 

"9. — Morals of the army : 

"Concensus of opinion Is that drunkenness in the army 
is completely under control, both in the United States and 
France, General Pershing states: 'As there is little beer 
sold In France, men who drink are thus limited to the 
light native wine used by all Fl-ench people. Even this 
is discouraged among our troops in every possible way.' 

"You may travel for weeks in France without seeing an 
intoxicated American soldier. The Third Assistant Secre- 
tary of War in ten days at a National Army camp adjacent 
to Chicago saw two men intoxicated. The Commission on 
Classification of Personnel reports that a sui^prisingly large 
proportion of recruits ask to be placed in the most hazard- 
ous branches of the military service. The desire among 
men in the military service to get to France and to the 
front is universal. The Secretary of War stated before 
the Senate Military Affairs Committee that he had seen 
grizzled men of the army turn away from his desk to hide 



Invariably Strives 



INSURANCE COMPANY. 



their tears, when they were asked to do organization work 
in America rather than go to France, where the glory of 

their profession lies."' 

* * * 

The lu:nber used in the cantonments of the Ignited States 
would make a sidewalk four times around the world ; a 
carload of tacks was required at each of the cantonments 
to hold the rooting paper in place, and the capacity of those 
establishments in the country would house a company of 
people equal to the combined populations of Arizona, Dela- 
ware. Nevada. Wyoming and Alaska. 

The storage areas built or building in France, if placed 
end on end. would constitute a structure fifty feet wide, 
stretching from Washington to a point beyond New York, 
a distance of 250 miles. To supply a million men at the 
front requires the operation by the military authorities of a 
standard freight train in each direction every twenty-five 
or twenty-eight minutes. 

* * * 

A report authorized by the War Department, July 24, 
shows that since the United States declared war against 
Germany the Ordnance Department has produced small 
arms and ammunition in the following quantities : 

Total Rifles, all types 1,886,769 

Total Pistols, 1917 model 217.000 

Total Revolvers. 1917 model 169,367 

Machine Guns accepted 82.540 

Total Cartridges, all types 2,014,815,584 

The total number of rifles does not include 600.000 Spring- 
fields which the Government had at the outset of the war 
and does not include thousands of rifles represented in spare 
parts manufactured. It does Include 1,-4:17,284 rifles of 
United States Model, 1917 type, and 280.049 Russian rifles 
taken over by the Government. The production for the 
week ending July 13 was : Rifles, 54.211 inspected and ac- 
cepted ; Pistols, 8,700; Revolvers, 6.104. 

The total production of machine guns all types during the 
week of July 13 was 6,681, a gain of 1,564 over the pre- 
ceding week. Browning machine guns produced since we 
entered the war aggregated 10,204 light and 5,959 heavy. 
During the week ending July 13, the production was 2,018 
li.iiht Browning and 1,075 heavy, both numbers representing 
machhie guns actually inspected and accepted. 

The total average output of cartridges for rifles, pistols, 
revolvers and machine guns inspected and accepted is ap- 
proximately 15.000.000. The maximum number inspected 
and accepted in a single day was 29,466,000 on July 5. 

* * * 

EXPORTS FROM THE UNITED STATES 

Year ending 

Fiscal year ending June 30 Dec. 31 

SUPPLIES 1914 1915 1916 1917 

rTors<'s .? 3.3.SG.S19 64.046..")34 73 531.146 33.041.160 

Mule.s .« 090.974 12.726.143 22 946.312 13.666.063 

Firass bars & plates...!? 791.629 6.149. 1S3 .35.669.599 101.486.423 

.\ut..s. coiumercial $ 1.181.611 .39.140.682 56805.548 .36..364.773 

-Viitos. passenger .? 25.392.963 21.113.963 40 658.833 51.982.966 

Autos, parts of $ 6.624.232 7.854.183 22.536.483 31.523.754 

.\ut..s. tires ."5 3.505.237 4,963.270 17.9.36,227 13,948.?54 

Raihvay cars .$ 11.177.766 3.413.795 26.661.015 25.961.742 

fheniicals. drugs etc....$ 27.079.092 46.380.983 124..362.166 193.25.5.160 

Ccal tons 19.664.080 18.095.183 22.632.867 26.763.179 

.? .59.921.013 55.906.140 65.958 275 r0.376.5i4 

Copper pigs, ingots. etc.$ 144.895.519 96.2.38.800 159.491.069 307.733.672 

Electrical machinery....'? 25,060.844 19.771.757 30.254.020 .55.478.079 

Rubber boots and shoes..? 1.113.495 2,780 325 2.665.362 5.086,8.34 

Bar iron J? .502,1.32 446.146 3.052.120 5.046.727 

Stoel bars or rods S 7..392.163 10.829.699 37.693.3.59 75.065.841 

Killcts. ingots, etc $ 1.042.854 4,81.5.2.33 42.421.064 161.043.045 

Steam loco7notives $ 3.692.225 2,115.866 12.665.877 .30.6.59,807 

Nails and spikes . .$ 2.,599.485 3.470.574 10.142.796 17.052.723 

Steel rails— railways. . .$ 10.2.59,109 4,5.37,978 17,687,192 23,950.114 

All other wire $ 3.799,561 6,948,938 16,052,030 22,577,718 



to Give a Square Deal 



THE CONTINENTAL 



EXPORTS FROM THE UNITED STATES— Continued. 

Year ending 

Fiscal year ending June 30 Dec. 31 

SUPPLIES 1914 1915 1916 1917 

Oils: Gas and fuel $ 13.747.863 18.543.976 24.770.296 46.010.606 

Naphthas— gasoline $ 27.352,685 27,900.255 45,709,794 49,049.,58o 

Lubricating $ 27.852.969 28.499.786 37.451,607 57.623, 99;i 

Cotton: unmfd bales 9.165..300 8.426.297 .5:955,834 4.818.990 

$ 010.475.300 376.217.972 374,186,247 575.306.6.34 

Cloths $ 28,844.627 28,682,515 40,414,200 95.474,269 

Knit goods $ 2, .546,822 13.080.445 20,86L2S8 15.088.889 

Yarn $ 716,036 1,866.476 5,276,105 6,583,081 

MUNITIONS 

Cartridges $ 3,521,533 17,714.205 .37.083.488 42,122 556 

Gunpowder lbs. 989.385 7.686.480 212,821,076 446 538'49«) 

S 247.200 5.091.542 17.3.736,374 .33l!71.3;0.-.,8 

All other explosives... $ 2.503.464 18.670.441 256,262,066 2.59 898 791 

Firearms $ 3,442,297 9,474.947 18.065,485 97'.005",0l8 

Barbed wire $ 4,039,590 7,416,389 23,909,209 19,655.842 

* * * 

THE WORLD'S SUPPLY SHOP. 

The United States produces in normal times : 

76 per cent of all the corn grown in the entire world. 

70 per cent of all the cotton. 

72 per cent of all the oil. 

59 per cent of all the copper. 

44 per cent of all the coal. 

35 per cent of all the tobacco. 

43 per cent of all the pig iron. 

26 per cent of all the silver. 

24 per cent of all the wheat. 

21 per cent of all the gold. 
More than this, the United States contains a third of all 
the wealth of the civilized world. — Mawufacturer and 
Artisan. 



Airplanes 



The story of the Liberty Motor, the lightest and most 
powerful airplane engine produced on. a quantity basis. 
(From Scimitiiic American, June 1, 1918) 

"Recent announcements from the War Department, dis- 
closing details of the motor and their similarity to other 
motors of American and foreign design, give us the liberty 
to tell here for the first time the real story of the develop- 
ment of our standard aviation motor. 

"In the spring of 1915 work was started on such a motor, 
and the design was completed in November of that year. 
The engine was ready for block test in February of 1916. 
As there were no facilities for testing airplane engines by 
actual flights in this country, the new motor was placed in 
a racing chassis of special construction and was subjected 
to severe tests at the Sheep.shead Bay Speedway. The 
engine was of 299 cubic inches displacement, of the 12- 
cylinder 'V type, with cast-iron cylinders. Second model 
was designed, based on the principles that had been proved 
out on the first model. This was of much larger design, 
with 4x6 cylinders and of 905 cubic-inch piston displace 
ment. Tlie new motor was provided with an airplane pro- 
peller and mounted on a truck. With this unique power 
plant the truck was driven about the streets of Detroit. The 
air-propelled truck could travel faster than any man would 
care to drive it. In one test the wheels were locked, and 
yet the truck was pushed over snow-covered ground. 

"In April, 1917, a second engine of this model was com- 
pleted and placed in a racing chassis. It established the 
official world record of 130 miles per hour, or a mile in 
28.76 seconds. 

10 Established in 1853 



INSURANCE COMPANY. 



"In the first model the cylinders were set at an angle of 
GO degrees, following the practice used in automobile en- 
gines ; but in the second model an angle of 40 degrees was 
adopted so as to cut down head resistance. 

"The third model was begun in April, 1917, immediately 
after war was declared, and the first engine was completed 
in May. 

"Our engineers had studied the forei.gn aiiT)lane motors 
and a number of them were being made in this country. It 
was realized however, that they were not adapted for quan- 
tity production on an American basis, and it was very 
necessary for us to develop a motor of our own which 
would become a standard and which could be produced in 
enormous quantities. It was felt that a motor should be 
designed so far ahead in power of anything else that had 
been produced that by the time it could be turned out in 
quantity it would still be well in the lead. Accordingly 
a horsepower of between 350 and 400 was sought and the 
size of the cylinders was changed from 4 x 6 to 5 x 7. Work 
on the new engine was pushed at the highest speed possible, 
and on the third day of July it was completed and shipped 
to Washin.gton. The next day it arrived there, on the 
Nation's birthday, and was christened the 'Liberty Motor.' 
It was subjected to a great many trying tests and was 
found to be exceedingly efficient and very light. It developed 
a horse-power of considerably over 400 and its weight was 
but little over 800 pounds. On endurance tests it stood up 
wonderfully. It was tested at the summit of Pike's Peak, 
in order to determine its action under conditions of rarified 
atmosphere, and proved very satisfactory. At the Bureau 
of Standards in Washington a special room was set aside 
in which a partial vacuum was created equivalent to that 
which exists at the maximum height to which an airplane 
engine has been carried. In this room the engine was found 
to operate perfectly. At one of its first altitude tests in a 
plane the American record for altitude was smashed. Xot 
until September was the order to proceed with the manu- 
facture of the Liberty motor definitely given, and immedi- 
ately work was started at the Packard plant. 

"One of the engineers of the Ford plant told the writer 
personally that he thought every one would recognize the 
right of the Ford Company to an opinion on quantity produc- 
tion manufacture. He said that never in the world^s history 
had a greater piece of work been done on a similar scale. 
The development of the Liberty Motor was simply short of 
marvelous, and the public instead of criticising the manu- 
facturers for slowness should be thankful that they have 
had such competent men to carry on the work and develop 
a motor of such efficiency in so incredibly short a space of 
time. 

"In the first Liberty motor the cylinders had to be bored 
from the solid — an operation that was very costly in time 
and money. This, however, was a copy of \he best foreign 
engineering practice and was followed as a necessarv 
detail by our engineers. It was at this juncture that the 
engineers of the Ford Motor Car Co. made a notable contri- 
bution. They devloped a cylinder forged out of steel tubing, 
which enabled the manufacturers to turn out the cylinders 
at very low cost and in exceedingly large quantities. 

"Production of the Liberty motor is now proceeding at a 
very satisfactory rate. More motors are being produced 
than there are planes to carry them. When the writer 
visited the Packard plant several weeks ago they were being 
turned out at the rate of 15 per day and it was hoped that 

Always Successful 11 



THE CONTINENTAL 



inside of two months a prodiiotion of 50 per day would be 
attained. 

"In the Ford plant manufacture of the Liberty motor 
was just about to start with a program of lOO complete 
enjrines per day when the plant is in full operation. This 
was being- done at the expense of the rejrular commercial 
motor. Tn several other factories work on the Liberty motor 
has either just begun or is about to begin, and certainly 
by the middle of the summer the Liberty motor ought to be 
produced in very large quantities. 

"The efficiency of the Liberty motor is not to be questioned 
by anyone who has examined it thoroughly. It is far more 
powerful than any other airplane engine ever produced on 
a quantity production basis. It exceeds in power all but 
a few experimental machines. Although rated at 400 horse- 
power, it has shown on test as high as 485 horse-power, 
and its weight is 820 pounds. 

"It is a mistake to assume that any one motor is adapted 
to all classes of aiiT^lane service. There is no single motor 
abroad which is of such universal utility. The Liberty 
motor is one of the most powerful airplane motors in the 
world and the lightest for its power. It is ideal for bomb- 
ing purposes, for here we have large airplanes of great 
carrying capacity that must travel long distances at high 
speed. The Liberty motor should also be available for 
fighting machines of the larger types. Altogether the air- 
plane situation is fast approaching a very satisfactory' basis, 
and before the end of the year it should play an important 
part in the great struggle on the other side of the water." 

* * ■ * 

Definite figures on the production of airplane motors 
have been submitted to Congress by Representative Dent, 
chairman of the House Military Affairs Committee. Up to 
May 18. he said, 5.294 planes actually had been delivered 
to the Government by the factories. A large proportion of 
these, 4,365, were elementary training planes. Advanced 
training planes to the number of 620 were delivered. 

Only 114 combat planes were completed and turned over 
to the Government at this date. In addition, 195 experi- 
mental planes were manufactured. 

Engines were manufactured in greater number than planes 
but were in a somewhat similar ratio. Those for elementary 
training were 6,126, for advanced training, 1,825, and for 
combat 1,043, a total of 8,994. 

Mr. Dent said 41,846 machine guns had been delivered. 
Although 843,735 bombs largely for aeroplane work had 
been ordered, none had been delivered on May 18. Of 1.077 
balloons contracted for 120 had been delivered. 

The United States has 27 flying fields, including two fields 
started June 6. The LTnited States has 3,467 aviators at 
home and 1,746 abroad, a total of 5.213. Altogether the 
Signal Corps has an enrolment of 99,001 enlisted men in 
the United States and 38.367 abroad, a total of 137,368. 
More than 4,000 men are awaiting assignment to ground 
schools. The number in attendance at the ground schools 
is 3,394, and at the primary flying fields in the United 

States 3,398. 

* * * 

The first American-built Handley-Page bombing airplane 
has been turned over to the United States Government. 
The giant airplane has a wing spread of 100 feet and is 
driven by twin Liberty motors of 400 horse power each. 
They are to be used by the American aviators in France 
and Italy and hundreds of them will be on the way over- 



12 Stands for Square Treatment 



INSURANCE COMPANY. 



seas before the present summer has ended. Assistant Secre- 
tary of War Benedict Crowell. John D. Ryan, head of the 
Aircraft Production Board and Major General William 
Branker of the Air Ministry of Great Britain pronounced 
the Liberty motor the greatest of airplane engines. 



Ships 



America's merchant fleet, ffrown to 10.040,659 gross tons 
by the construction of 1622 new ships of 1,430,793 tons in 
the tiscal year ended June 30, was augmented July 4th by 
rhe unprecedented launching of 95 ships. The list comprises 
42 steel ships of 287,464 deadweight tons and 53 wooden 
vessels of 187,000 deadweight tons. 

Secretary Daniels says United States launched a greater 
tonnage of ships July 4 than it had lost during the war, 
over 400.000 deadweight tons compared with total American 
tonnage destroyed by submarines of 352.223, including 67.815 
tons sunk before the United States entered war. 

The following table of progress discloses how the first 
million tons of United States ships on the 1918 program 
have been delivered (in deadweight tons) : 

January February March April May .Tune 

S8.507 123,625 172,611 160,286 239.241 280,400 
Total 1918 production to date 1,084,670 

Output in gross tons of British and American yards : 

Month American British 

January .59,005 58,668 

Febiuarv 82,417 100,038 

March 115.078 161,677 

April 106,857 111,533 

May 175,714 197,274 

June 190,000 134,159 



Total for six months 729,071 763,349 

Total World 

1917 — Gross Tons Losses Production Deficit 

First quarter 1,619,373 528,439 1,090,934 

Second quarter 2,236,934 628,440 1,610,494 

Third quarter 1,494.473 616.453 878,020 

Fourth quarter 1,272,843 932,023 340,820 



Total 6,623,623 2,703,355 3,920,268 

1918 

First quarter 1,142,730 626,000 516,730 

Second quarter 936,425 1,015,536 *79,111 

* Surplus of world production over lo.sses. 

* * * 

American and British methods of ship production are 
discussed in a recent issue of Lloyd's List. Relatively, says 
the British paper, the United States has done more* in the 
I.ast six months than Great Britain from the beginning of 
the war. 

* * * 

Chairman Hurley of the Shipping Board declares that 
America in 1920 will have a merchant marine of 25,000,000 
deadweight tons. 

This great commerce fleet will be the largest ever assem- 
bled in the history of the world, and involving the expendi- 
ture of more than $5,000,000,000, will link the United States 
to South and Central America by weekly steamer service. 

It also will bridge the Paciflc for the transportation of 
he products of Japan, Russia, China, Australia and the 
Orient, and will continue to promote America's trade with 
Europe. 



of All Honest ClaimanU 13 



THE CONTINENTAL 



Mr. Hurler said he and Director-General Schwab of the 
Emergency Fleet Corporation, expect the shipping output 
this year to exceed 3,000.000 deadweight tons. 

"On the first of June we had increased the American- 
built tonnage to over 3.500,000 deadweight tons of shipping. 
This gives us a total of more than 1,400 ships with an 
approximate total deadweight tonnage of 7.000,000 tons now 
under the control of the United States Shipping Board. 

"From all present expectations, it is likely that by 1020 
we shall have close to a million men working on American 
merchant ships and their equipment. 

"^ye have a total of 819 ship ways in the United States. 
Of these a total of 751, all of which, except ninety, are 
completed, are being utilized by the Emergency Fleet Cor- 
poration for the building of American merchant ships. 

"In 1919, the average tonnage of steel, wood and con- 
crete ships continuously building on each way should be 
about 6,000 tons. If we are using 751 ways on cargo ships 
and can average three ships a year, per way, we should 
turn out in one year 13.518,000 deadweight tons, more than 
Great Britain, heretofore the greatest builder of ships, has 
completed in any five years of her history. 

"The vast merchant fleet we are building," said Mr. Hur- 
ley, "must become the greatest instrument of international 
probity, honesty and square dealing at the close of the 
war. It must become the vast and vital machine whereby 
America will prevent the oppression of the weak by the 
strong, the crushing of right by might." 

* * * 

Chairman Hurley of the Shipping Board says that the 
magnitude of the (Government's shipbuilding task can be 
comprehended when it is known that manufacturing work 
three times greater than that of the United States Steel 
Corporation and operating work twice that now done by 
Pennsylvania Railroad is projected. 

* * * 

Admiral Sims, Commander-in-Chief of the American naval 
forces in European waters, summed up the naval situation 
as follows : 

"We have the submarine virtually beaten. Co-ordination 
between the fleets of the Allies is a done job. German- 
diver crews are pretty sick and are getting sicker everv 
day." . . . 

German submarines are no longer considered a menace by 
the Navy, in the opinion of Franklin D. Roosevelt, Assistant 
Secretary of the Navy. He added that our Navy was now 
hunting out and running down the U-boats. "Of course, we 
cannot hope, and do not hope, to absolutely wipe out the 
German submarine," he said. "Its ports of outlet and its 
bases are far too numerous. However, we hope that each 
week's report will show a decrease, as in the reports of 
the last few weeks." 

* * * 

Disclosures made by Secretary Daniels in a speech at 
Cleveland give the first comprehensive view of the extent 
of our naval activity abroad since the pioneer squadron 
went over more than a year ago. A great fleet of American 
war vessels is now engaged in operations in the war zone. 
This fleet, which numbers over 150 vessels, comprises not 
only destroyers, but battleships, cruisers, submarines, gun- 
boats, coast guard cutters, converted yachts, tugs and other 
auxiliaries, and there are in addition many small submarine 
chasers not included in the total mentioned. The personnel 
manning these various vessels and doing duty on air patrol 



14 Has a Cash Capital 



INSURANCE COMPANY. 



and at supply stations ashore numbers 35,000 officers and 
men, or about half the strength of the naval force when the 
country entered the war. To illustrate the nature of the 
operations carried on, as well as the activity displayed by 
our vessels, the Secretary cited the work of one detachment 
of destroyers for a period of six months. This detachment 
steamed a total of 1.000.000 miles in war areas, attacked 
81 submarines, escorted 717 single vessels and 86 convoys 
and spent a total of 3.000 days at sea. 

* * * 

The Submarine Peril, from speech of Hon. Sherman E. 
Burroughs of New Hampshire in the House of Repre- 
sentatives : 

"The submarine has been, if indeed it is not yet. the dead- 
liest weapon of the war. All the artillery, all of the in- 
fantry, all the battleships, all the millions of tons of 
explosives and projectiles the Germans have shot into 
the air have not inflicted the damage nor cost the allies so 
dear as a few hundred of these under sea boats. They 
have destroyed or crippled or kept in harbor more than one- 
half the ocean-going tonnage of the whole world. By forcing 
a convoy system, devious routes and no lights, they have 
cut down the effectiveness of what remains nearly one- 
half more. They have destroyed more tonnage than all 
the allies, including the United States, can probably rebuild 
in the next two years. They have prevented and still pre- 
vent effective aid to Russia. They are still sinking more 
ocean-going tonnage than all the yards of the world were 
building before the war. 

"As bearing out what I have stated, according to monthly 
reports of the British Admiralty, the submarine losses in 
1017 amounted to approximately 6,620,000 gross tons, the 
equivalent of more than 10.000,000 tons deadweight. For 
the quarter ending March 31, lO-lS, according to the same 
authority, the loss was 1,123,510 gross tons, or 1,685,265 
tons deadweight. This refers to British and allied losses. 
French Admiralty figures for April, 1918. show losses of 
381,631 gross tons, making a total for one-third of 1918 
of 1.505,141 tons gross, equivalent to 2,257,711 tons dead- 
weight. 

"At this rate, submarine losses in 1918 will be close to 
7,000,000 tons deadweight. While these figures would show 
a reduction In the total losses of sinkings for the year of 
3,000,000 tons over losses in 1917, they are still, in my 
opinion, sufficiently large to cause concern. While it is 
possible and perhaps likely that these losses may be reduced, 
we must not blink the fact that it is also possible that they 
may at any time be greatly increased. 

"Since January 1, 1918, the records of the United States 
Bureau of Navigation and official returns in the United 
Kingdom show new tonnage completed as follows : 

TONNAGE COMPLETED 

Month United States United Kingdom 

1918 Tons Tons 

.Tanuarv 91,541 87,8.52 

February 123,100 l.")0,075 

March 166,700 252,511 

April 240,000 169,000 

May 260,000 

Total 881,341 659,438 

"From the foregoing figures it will be seen that in the 
first three months of this year the total construction in 
this country and in the United Kingdom amounted to 



of Ten Million Dollar* 15 



THE CONTINENTAL 



871.770 deadweight tons to offset a loss during this first 
quarter of the year amounting to l,()85,2n5 tons. 

"This brings me to a discussion of what we may reason- 
ably expect in the way of new construction in 1018. If 
Great Britain maintains the same rate of progress for the 
balance of this year as in the first four months, she will 
construct and place in service during 1918 about 2.000.0(j(j 
deadweight tons. If she does this, she will have attained 
as high a mark in ship construction as she has ever reached 
in all her history. Indeed, it is more than likelv that she 
\yill fall short of this total production for the year, par- 
ticularly as she is short of labor, is understood to be delayed 
for steel plates, and Is dependent upon the United States 
for portions of her steel plate, which we are now with diffi- 
culty delivering in sufficient quantity to our own shipyards. 

"How about America? Evidence before the Commerce 
Committee of the Senate In its recent Investigation would 
seem to indicate that the maximum output of steel and 
wooden shipping in the United States for this critical year 
of 1918 will not greatly exceed 3,000.000' tons. Mr. J.' W. 
Powell, vice president, in charge of shipbuilding for the 
Bethlehem Corporation, comprising several large shipbuild- 
ing plants and understood to hold contracts for nearly one- 
third of our ship program, in testifying before the Senate 
Committee, said : 

"'I am sure that in 1918. with the various handicaps we 
are going up against, if the country turns out 3.000.000 tons 
it will be a very wonderful performance.' 

"Mr. Hurley, chairman of the Shipping Board, a few 
days ago stated what was his opinion and also that of Mr. 
Schwab, Director General of the Emergency Fleet Corpora- 
tion, that the expert estimate of 3.OCO.0OO tons for this year 
can be exceeded; but he gave no estimate of his own or 
any figures further than to say that before this year closes 
we shall be turning out a half million tons each' month. 

"Is it not apparent that with Great Britain building 
only 2.000,000 tons and America 3.000,000 tons In 1918. the 
peril of the submarine is still with us? We must not forget 
either that last year the' British comptroller of shipping, 
Sir Joseph Maclay, announced that the United States must 
be depended upon for 0,000.000 tons of new shipping each 
year to offset the ravages of the submarine, and Sir Joseph 
was talking of 'gross weight' ; if he had used our term of 
'deadweight* tons, his figures would have been over 9,000,000 
instead of 6,000,000. 

"Mr. Hurley has recently stated that by the end of 1020 
the Shipping Board will have given us 25,000,000 tons. 

"I sincerely hope that his prediction may be fulfilled, 
because I believe that we shall need every one of those 
ships. Certainly we shall need them if we are to have and 
maintain an army in France of anywhere near 5,000,000 
men. That would allow only 5 tons of shipping for the trans- 
portation and maintenance of each soldier, and I understand 
the best expert opinion places the amount necessary at an 
even higher figure than that. TMiat I am afraid of is that 
we will not get the 25.000,000 tons by 1920. 

"Mr. Hurley talks about an average of three ships a year 
on each of 751 ways, and says that In 1919. "the average 
tonnage of steel, wood and concrete ships continuously 
building on each way should be about 6.000 tons.' On this 
basis he figures that we should be able to produce in one 
year 13,518,000 tons, which he says, is more than has been 
turned out by Great Britain in any five years of her 
history." 



16 Commands Confidence 



The CONTINENTAL 

INSURANCE COMPANY 

WAS incorporated in January, 
1858, with a paid-in capital of 
$500,000, which has been raised by sub- 
sequent increases to Ten Million Dollars. 
Always a leader among the big compa- 
nies, it is now stronger than ev er and has 
the largest capital and the largest policy- 
holders' surplus of any fire insurance 
company doing business in America. 

Its directors are from the foremost finan- 
cial men in the country, leaders in the 
largest industrial undertakings of the 
nation. The management is composed 
of underwriters of long and successful 
experience whose rank is at the fore of 
American fire insurance. 

The company does a general fire and 
marine insurance business throughout 
the United States, Canada and Cuba, 
and a pohcy in THE CONTINENTAL is 
a sure indemnity whether the loss be 
occasioned by a small fire or a large 
conflagration. 

• • • 

JULY 1st, 1918 

Our Gross Assets (Actual Market Value, June 29, 1918) 

Are $34,295,970,49 

Against Which We Charge- 
Reserve for Unearned Premiums $12,675,830.09 

Reserve for Losses in Process of Adjustment 1,045,570.53 

Reserve for All Other Claims 548,121.71 

Reserve for Contingencies - 100,000.00 

Reserve for Dividend 800,000.00 

15,169,322.33 
Leaving— 

Cash Capital 10,000,000.00 

Net Surplus 9,126.648.16 

Making Policyholders' Surplus $19,126,648.16 



Place Your Insurance in 

THE CONTINENTAL 

Strongest AMERICAN Company 




LIBRARY OF CONrpcco 

^jM.Jr ^^ ^65 810 



•AMERICA FORE' 
• * • 



Be PATRIOTIC 
and PRUDENT 



Make Secure Your Own 
Freedom and Capital 

Be Ready to 

BUY 

LIBERTY 

BONDS 

Ready for You September 28th 



Be Prepared to Pay Your Premium 
To Insure Liberty on the Eartli 

^ ^ ■¥• 

The continental 

INSURANCE COMPANY 

¥ -^ * 

FIRE, MARINE, WAR RISK, EXPLOSION 

• • • 

Continental Commands Confidence 

• • • 
AN AGENT IN EVERY CITY AND TOWN 



